593 Hurontario Street, Collingwood | Image 1

593 Hurontario Street

Collingwood, Collingwood

  • Commercial

$1,470,000
For Sale

Added 2 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-6 To 12 Units

  • Zoning: (H14) R3-20

  • Age: 100+ years

  • Taxes: 6272.47

  • MLS®#: S11945730

  • Added: Jan 29, 2025 (2 months ago)

  • Updated:

  • Last Checked: 1 month ago

  • Listed By: Royal LePage Locations North

Welcome to 593 Hurontario Street, a rare investment opportunity in the heart of Collingwood situated on an expansive lot to acommodate expansion. This recently renovated 7-unit multi-family apartment building offers both immediate rental income and significant future growth potential. The property is zoned for development, allowing for the addition of up to 10 total units, making it a prime candidate for expansion. There is a spacious lot to accommodate an expansion.Each of the seven existing units has been tastefully updated with modern amenities, attracting high-quality tenants and ensuring steady income from day one. Beyond its current performance, the seller is offering a unique incentive to ease the transition for a new owner: property management services for up to one year. Situated on a bus route and within walking distance to downtown Collingwood, schools, coffee shops, and daycares, this property is ideally located for tenant convenience. Set in one of Collingwood's most sought-after neighbourhoods, it benefits from a vibrant community, excellent accessibility, and strong rental demand.Whether you're an experienced investor looking to expand your portfolio or seeking to capitalize on Collingwood's growing market, 593 Hurontario Street delivers a compelling mix of current income, development potential, and long-term value. Don't miss this exceptional opportunity!

Property

  • Status: Sale

  • Type: Apts-6 To 12 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Age: 100+

  • Net Income: 82684

  • Area: Collingwood

  • Community: Collingwood

  • Availability Date: immediate

  • Assessment Amount: $519,000

  • Assessment Year: 2024

Inside

  • Air Conditioning: N

Utilities

  • Utilities: Available

Building

  • Basement: Y

  • Heat Type: Baseboard

  • UFFI: No

  • Energy Certificate: N

  • Green Verification Status: N

  • Freestanding: Y

  • Water Supply: Municipal

  • Physically Handicapped-Equipped: N

Parking

  • Garage Type: Outside/Surface

  • Covered Parking Spaces: 8

Fees

  • Tax Year: 2024

  • Tax Legal Description: LT 6 E/S OF HURONTARIO ST PL 176 COLLINGWOOD; See Schedule in Su

  • Taxes: $6,272

  • Expenses: Act

  • Management Expense: 10483

  • Insurance Fee: 6456

  • Operating Fees: 51552

  • Heat Expenses: 5405

  • Other Expenses: 6579

  • Taxes Type: Annual

  • Taxes: 6272

  • Water Fees: 9547

Land

  • Cross Street: Poplar sideroad to H

  • Municipality District: Collingwood

  • Parcel Number: 582660079

  • Lot Depth: 26.6 Feet

  • Lot Frontage: 83.78 Feet

  • Zoning: (H14) R3-20

Commercial Specific

  • Sprinklers: Y

  • Total Area: 5268

  • Total Area Metric: Sq Ft

  • Area Influence: Public Transit

  • Area Influence: Rec Centre

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Building

  • Vacancy Allowance: 1300

  • Financial Statement: Y

  • Gross Income/Sales: 131580

  • LLBO: N

Map of 593 Hurontario Street, Collingwood
JK-6

ÉÉC Notre-Dame-de-la-Huronie

Elementary: Catholic
0.64 km
JK-8

Connaught Public School

Elementary: Public
1.31 km
JK-8

Mountain View Public School

Elementary: Public
1.55 km
JK-8

St Marys Separate School

Elementary: Catholic
1.10 km
JK-8

Cameron Street Public School

Elementary: Public
0.43 km
JK-8

Admiral Collingwood Elementary School

Elementary: Public
0.92 km
9-12

Collingwood Campus

Secondary: Public
1.30 km
9-12

Stayner Collegiate Institute

Secondary: Public
11.60 km
9-12

Elmvale District High School

Secondary: Public
29.48 km
9-12

Jean Vanier Catholic High School

Secondary: Catholic
0.57 km
9-12

Nottawasaga Pines Secondary School

Secondary: Public
32.75 km
9-12

Collingwood Collegiate Institute

Secondary: Public
0.21 km
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